A business has an initial value of £2m. In the following four years its value is assessed as £2.4m, £2.7m, £2.76m, and £2.8m. The discount rate is 15 per cent. At the end of which year should the business be sold?
A) Year 1
B) Year 2
C) Year 3
D) Year 4

Question

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The Answer of A business has an initial value of £2m. In the following four years its value is assessed as £2.4m, £2.7m, £2.76m, and £2.8m. The discount rate is 15 per cent. At the end of which year should the business be sold?
A) Year 1
B) Year 2
C) Year 3
D) Year 4

A Business Has an Initial Value of £2m